Go to Jeff Salisbury LWGate Home Page.From: Dave Stem <canslimdave2003@yahoo.com>
Subject: [CANSLIM] Profit taking... TIVO
Date: Sun, 6 Jul 2003 21:12:33 -0700 (PDT)
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- --0-787613200-1057551153=:95532 Content-Type: text/plain; charset=us-ascii Hi all... I'm new to the group and also in Santa Monica... here's a question re: profit taking directed at Katherine and other experienced investors... that is, those who've actually had profits LOL... I bought TIVO on the 6/2/03 breakout (8.58/share) and am sitting on a 50+% profit in a month. Yes, it's due for a short term correction, but I love the product and sales are doing very well. According to David Ryan (WON's disciple from Market Wizards) I should take 30-50% off the table, with plans to reinvest on any correctly forming base if I still like the stock. Or I could simply place a stop under the recent support which is very strong and clear at 9.25. I have such an attachment emotionally to this stock. I know it's wrong. But the rapid success is clouding my judgement. The same with AMHC. I'm used to selling at a loss, but find it hard to take a profit. Crazy. Any words of wisdom from the vets? Dave in Santa Monica - --------------------------------- Do you Yahoo!? SBC Yahoo! DSL - Now only $29.95 per month! - --0-787613200-1057551153=:95532 Content-Type: text/html; charset=us-ascii <P>Hi all... I'm new to the group and also in Santa Monica... here's a question re: profit taking directed at Katherine and other experienced investors... that is, those who've actually had profits LOL... </P> <P>I bought TIVO on the 6/2/03 breakout (8.58/share) and am sitting on a 50+% profit in a month. Yes, it's due for a short term correction, but I love the product and sales are doing very well. According to David Ryan (WON's disciple from Market Wizards) I should take 30-50% off the table, with plans to reinvest on any correctly forming base if I still like the stock. Or I could simply place a stop under the recent support which is very strong and clear at 9.25.</P> <P>I have such an attachment emotionally to this stock. I know it's wrong. But the rapid success is clouding my judgement. The same with AMHC. I'm used to selling at a loss, but find it hard to take a profit. Crazy. Any words of wisdom from the vets?</P> <P>Dave in Santa Monica</P><p><hr SIZE=1> Do you Yahoo!?<br> <a href="http://pa.yahoo.com/*http://rd.yahoo.com/evt=1207/*http://promo.yahoo.com/sbc/">SBC Yahoo! DSL</a> - Now only $29.95 per month! - --0-787613200-1057551153=:95532-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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